Lyve expands logistics ecosystem with acquisition of majority stake in Shopini World
Lyve Global, an Abu Dhabi based B2B logistics SaaS platform, has acquired a majority stake in Shopini World, bringing together operational synergies with Shopini’s e-commerce solutions and international network, and Lyve’s technology and logistics infrastructure in the region.
This acquisition reflects Lyve’s ongoing commitment to strengthen its offering as the company plans to invest US$150 million in high quality acquisitions within the next two years to broaden its global portfolio and expand market reach.
Through its investment strategy and next phase of growth, focusing on inorganic opportunities that complement the development of Lyve's regional digitized ecosystem, the company will continue to grow and maximize value for each of its portfolio companies, providing tailored support for every investment and working closely to align synergies to leverage its rich network.
Lyve continues to evolve, building a digitized ecosystem of complete, end-to-end solutions through all touchpoints - from order acquisition, to management, payment, and delivery. With its cloud-based platforms and services, the company currently helps facilitate millions of orders every month on behalf of key global and regional brands across the e-commerce, food and beverage, grocery, and healthcare industries.
Chief Investment Officer at Lyve, Nader Museitif, commented, “We’re excited to have Shopini World join the Lyve ecosystem. We’re determined to continue building and expanding our offering in a way that meets our customers growth and digital transformation needs. Our investment strategy is designed to complement and accelerate our organic efforts and we are looking forward to announcing more partnerships in the near future.”
As the accelerated growth of digitization continues to disrupt the e-commerce landscape in the region, industry players are developing their overall strategies to establish a strong omnichannel presence and solutions to offer a seamless customer experience. Lyve’s evolving portfolio of digital technologies enables these companies to succeed in this ever-changing landscape.
Shopini Logistics is an international cross-borders e-commerce supply chain service provider that enables international online merchants to sell oversees and kick off in oversees market, and instantly connect them with customers worldwide though operations in UAE, USA, UK, China and Turkey.
Lyve’s solutions empower businesses across multiple verticals to seamlessly manage logistic operations, optimize fleet schedule and tracking, provide powerful analytics, and enhance customer acquisition channels, with clients in the e-commerce, pharmaceutical, telecom, grocery and F&B industries.